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9.15 Release. (a) Upon a Discharge of the Secured Obligations, the Collateral shall be <br />automatically released from the Liens created hereby, and this Agreement and all obligations (other than <br />those expressly stated to survive such termination) of the Administrative Agent and the Pledgor hereunder <br />shall terminate, all without delivery of any instrument or performance of any act by any party, and all <br />rights to the Collateral shall revert to the Pledgor. At the request and sole expense of the Pledgor <br />following any such termination, the Administrative Agent shall deliver to the Pledgor any Collateral held <br />by the Administrative Agent hereunder, and execute and deliver to the Pledgor such documents as the <br />Pledgor shall reasonably request to evidence such termination. <br />(b) If any of the Collateral shall be Disposed of by the Pledgor in a transaction expressly <br />permitted by the Credit Agreement, then, the Administrative Agent, at the request and sole expense of the <br />Pledgor, shall execute and deliver to the Pledgor all releases or other documents reasonably necessary or <br />desirable for the release of the Liens created hereby on such Collateral provided that the Pledgor shall <br />have delivered to the Administrative Agent, at least ten (10) Business Days prior to the date of the <br />proposed release, a written request for release identifying the Pledgor and Collateral to be released, <br />together with a certification by the Borrower stating that such transaction is in compliance with the Credit <br />Agreement and the other Loan Documents and that the Proceeds of such Disposition will be applied in <br />accordance therewith. <br />(c) Until Discharge of the Secured Obligations, the Pledgor acknowledges that it is not <br />authorized to file any financing statement amendment or termination statement with respect to any <br />financing statement originally filed in connection herewith without the prior written consent of the <br />Administrative Agent, subject to the Pledgor's rights under Section 9-509(d) of the UCC. <br />20 <br />NY\5929604.13 <br />